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20131202
20131210
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CNBC 16
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English 16
Search Results 0 to 15 of about 16
CNBC
Dec 3, 2013 7:00pm EST
challenges to obama care persist. next year the supreme court will take up a challenge to the law's birth control mandate. perhaps an even bigger deal an oklahoma lawsuit challenging the laws insurance subsidies which are essential to make obama care's plans affordable in the first place. let's go to oklahoma attorney general scott pruitt who is leading the charge. thank you for coming on. you base your argument from your op-ed piece you're basically saying look the only way you can have these tax penalties and subsidys is for the states to run the exchanges. but if they don't then the federal government can't interfere, is that true? >> that's the case. congress was very clear from the beginning they wanted states to be involved and they wanted to incentivize that saying these carrots would flow through state exchanges. 34 states said no. irs said we'll fix that and adopt ad rule and say whether a state adopt as change or not they will issue subsidies in all 50 states and corresponding penalties. the law doesn't say that. our lawsuit is about giving meaning to the statute. congress knew
CNBC
Dec 5, 2013 5:00pm EST
side of this break. that's next. >> we are awaiting president obama to make a speech on the passing of former south african president, nelson mandela. john, what should we expect here? >> melissa, i think you can expect the president to speak with deep emotion about the passing of this leader and what it has meant to him and he recently took his daughters to africa and i believe they went to robben island to see the cell where nelson mandela was held. that was a moving moment for this and of course nelson mandela is watched throughout his lifetime as the struggle against apartheid reached fruition. when he was still in law school, he had been at robben island, president of south africa. all said they expect that the president will attend nelson mandela's funeral. >> global history for that matter of nelson mandela being the first black president of south africa and barack obama first black president of the united states. >> there is no question about that. the fact that president obama's father was from kenya, he feels a bond to the continent of africa as well. south africa is the m
CNBC
Dec 2, 2013 7:00pm EST
issues earlier next year? if they do, they could lose obama care momentum. >> if they stand off again -- it ain't worth it. let them pass the spending sequester cuts and be done with it and start telling people that the gop can do health care better than the democrats. and like i say -- i don't mean to preach but show people they can take care of the sick. that's not the only issue but it's one of the issues. it's not been a republican strong point in recent years. >> reporter: i think you're right. so often the gop gets slammed for going back to reagan. but you see people in the senate going back to jack kemp, one of your old mentors and friends. >> that's right. reagan himself believed in the safety net. he absolutely did. robert, thank you so much. >>> now, is pope francis anti-capitalism? his first apostolic exhortations suggests he is. but does he really believe that the state produces more prosperity than capitalist markets? we're going to look very closely at these burning issues just ahead on "the kudlow report." ♪ [ male announcer ] how could switchgrass in argentina, chang
CNBC
Dec 4, 2013 7:00pm EST
>>> politically the collapse of obama care has given the republican party a tremendous opportunity for next year's mid term election, but you know what? sometimes the republicans are their own worst enemies. let's welcome former republican senator from texas kay bailey hutch chin son. as always, great to see you. i wasn't necessarily referring to you, i was referring to the generic republicans, but here's a point. judiciary committee in the house yesterday reported on by dan millback from the washington post, whispering or spoken word about impeachment. we're going to impeach. i have to listen. steve king, doug collins, blake farenhold, steve stockhold. they're talking about impeaching president obama because they don't like syria and they don't like obama care. i'm thinking that would be the nuttiest, dumbest idea at this point that's possible. what's your take? >> i think that diverts attention from the real issues that every american that has had insurance and that has had a letter from their insurance company canceling that insurance or the people who are really suffering, that's the need th
CNBC
Dec 5, 2013 7:00pm EST
triple under obama care. i'm thrilled to death, as you can tell. >> next up, we talk about this fast approaching deadline, sticker shock and the threat to millions of seniors who may also lose their doctors. get ready, folks. we're just minutes away from the first ever "the kudlow report" youth summit. for real college kids, how about that, four real college kids are going to join me live on set to talk about what they think of president obama and obama care and whether they are going to sign up or not. you don't want to miss it. free market capitalism is the best path to prosperity. i will ask these college kids. what do they think about free market capitalism? we'll be right back. >>> so this law is already making a difference for millions of young people and it's about to help millions more. about half a million people across the country already are poised to gain coverage on january 1st. some for the very first time. >> all right. welcome back to "the kudlow report." that, of course, president obama on his obama care marketing blitz, leading up to the fast approaching december 23
CNBC
Dec 6, 2013 3:00pm EST
/frank coming up. we have, obviously, obama care. is that going to possibly be a hindrance to growth and expansion next year or is it just going to be a stimulus for your line of work? >> you know, i don't know if it will be a stimulus for our line of work. but for the companies we work with, aca hasn't impacted them that much. they have more administrative costs, slightly, but it really hasn't impacted them that much because they all have 200 or more employees. dodd/frank, it's been a work in process for a long time. i don't know if there's anything necessarily today that's going to affect it. i think the one thing, the headwind is, potential more regulation as well. >> that's always going to be the case. >> always. >> when have you ever said, there's not enough regulation out there? what is your biggest headwind? >> our biggest headwind, i think, is the government shutdown potential, the debt ceiling issue. frankly, we need comprehensive tax legislation. and if we got that, i think it would make us all more competitive. certainly help our business, i'm sure. but those two or three
CNBC
Dec 3, 2013 9:00am EST
're getting healthy young people signing up? is that the main concern for the whole obama care initiative over the next year or two? >> sure. we're getting a good mix of people right now. yesterday was -- so last week we went live, obviously thanksgiving week. yesterday, we got, you know, inundated with phone calls and requests, and it looks like, you know, early indicates are a pretty good mix of young and older folks, looking for coverage. so i think time will tell as we get more data on how everything plays out. >> all right. gohealthinsurance is the website for those looking for more information. clint jones is the ceo joining us this morning. thank you so much, sir. >> thank you. >>> let's get back to scott cohn who's been walking us through the detroit decision better than anybody could have expected. scott, what do you have? >> reporter: it now is official. detroit is the largest municipal bankruptcy filing in u.s. history. judge steven rhodes saying that the city is indeed eligible for federal bankruptcy protection, acknowledging that, yes, it was a foregone conclusion, but that doesn'
CNBC
Dec 3, 2013 3:00pm EST
the lows. will we see this late day selloff? >> we are losing some altitude. president obama relaunching the push to get american to sign up for obama care. but is he jumping the gun with his website still not 100%? what about all those complaints over sky high premiums? up next we'll talk to former ubs chairman robert wolf who has been one of president obama's closest allies on wall street. >> apple shares on a roll after a strong started to the holiday shopping season. we'll hear from somebody who says investors should buy this stock now before it really takes off. >> and there's been a lot of buzz online and on social networks about that minimum wage discussion we had yesterday with the mcdonald's worker. take a lynn. >> have you asked for a raise before? >> i have and i was pretty much told it's going to come eventually. just wait. >> coming up former council of economic advisers says be careful what you wish for. raising the minimum wage will only end up hurting the very people it's intended to help. he's join us on the "closing bell." stick with innovation. st
CNBC
Dec 4, 2013 1:00pm EST
for the fed next year. >> the honeymoon will be very short, very short honeymoon for her. >> thank you very much. sue? >> ty, president obama speaking today about the wealth gap in the united states. should the wealthy worry? part of the story is how you the american taxpayer is now paying to keep many lower-level banking employees afloat while the executives make much better money and the pope has weighed in on all of this as well. talking about major and possible changes in the way that the american economy work. that's straight ahead on "power lunch." before the break a near-record fine for steelers head coach mike tomlin. $100,000 for interfering with a play against baltimore last week. the steelers coulds also lose a draft pick over all of this. although that hasn't been decided yet. that story straight ahead as well. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn insp
CNBC
Dec 4, 2013 3:00pm EST
very much. >>> coming up next, storming the castle. a minimum wage debate backed by president obama could have devastating consequences for one burger chain. a top executive will explain how a move to increase the minimum wage could shudder restaurants and hurt jobs for his chain and others. don't touch that remote. over the next 40 years the united states population is going to grow by over 90 million people, and almost all that growth is going to be in cities. what's the healthiest and best way for them to grow so that they really become cauldrons of prosperity and cities of opportunity? what we have found is that if that family is moved into safe, clean affordable housing, places that have access to great school systems, access to jobs and multiple transportation modes then the neighborhood begins to thrive and then really really take off. the oxygen of community redevelopment is financing. and all this rebuilding that happened could not have happened without organizations like citi. citi has formed a partnership with our company so that we can take all the lessons from the revit
CNBC
Dec 6, 2013 7:00pm EST
here. americans are going to be outraged when they find out that so many of these things in obama care are covered by subsidies and that's wrong. >> including saving the companies. >> that's right. >> including saving -- >> the private marketplace but it's really not. it's subsidized so much. >> how about law firms next? all the popular companies. >> everyone knows that the insurance companies also pay back to the government. >> we don't know that. >> no -- >> they're not paying back that billion dollars. >> that's right. >> there are who visiprovisions >> no, it's because companies, but it's too bad. so that is going to -- taxpayers. >> you'll have another whack at the ball. jimmy, tracy, lenwood is going to stick around with us. now let's get back to the big jobs report that set off even bigger stock rally today. we'll debate those jobs' numbers and the economy just ahead. >>> later on, the republican party chairman says obama care was designed to quote, screw over young people. end quote. his phrase, not mine. we'll going to have to cover that story as well. and don't forget, free m
CNBC
Dec 9, 2013 6:00pm EST
likely forego the next gains too. they've been brainwashed into thinking it's all phony. here's the bottom line, though. a combination of blindness instilled by the inability to see that stocks can really rally under president obama coupled with an underestimate of the federal reserve's will, historical buyers who are not now going to turn sellers because they know the history and fear of stock shortage among seasoned equities could end propelling us to the next level. believe me, to these purists, the next move, it'll stink to high heaven too. can i go to gerard in south carolina? gerard? come on, this is the real usc. >> caller: hi, jim. >> how are you, gerard? >> caller: i'm well, thank you, sir. about a month ago, caller asked about noodles, you recommended to hold it. i have a fairly large position. i am down about 11%. friday when the market was up, the stock tumbled 6%. my question to you is this, jim. they are coming out with a new offering at a cost of $39.50. now, my cost basis is higher than that. and i was wondering going forward, generally speaking when you see th
CNBC
Dec 2, 2013 6:00am EST
with the latest in the next half hour. >>> in washington news, the white house says it has met the self-imposed goal for healthcare.gov. an obama adviser says the five-week emergency, quote, tech surge has doubled the capacity of the online portal. the site can handle 50,000 simultaneous users. but experts say major challenges remain. we'll talk to former hhs secretary michael leavitt in the next half hour. >>> amazon testing delivering packages using drones. could deliver packages that weigh up to 5 pounds, that represents 86% of packages amazon delivers. ceo jeff besos making the announcement on "60 minutes" last night. >> that's the earliest we could get the rules from the faa. my guess is that's probably a little optimistic. but could it be four, five years. >> amazon, the fellow online retailers had a lot on the line today, it's cyber monday, jon fortt joins us onset. your opinion on the drone story? >> well, i think it's possible to do. i worry that pranksters with -- >> my son showed me this. there's a guy that put a submachine gun on the helicopters and used it to destroy a car.
CNBC
Dec 2, 2013 9:00am EST
the surprises in obama it's not fair to put many public workers back in this kind of gray area again. this is supposed to save $150 billion over the next several decades and all eyes will be focused on illinois because it's the worst and it's trying to get better. back to you, simon. >>> tweet time. jeff bezos reveals they are experimenting with drone-based delivery. the service amazon prime air could be ready in the next four or five years and could carry objects to customers within a ten-mile radius of an amazon distribution center. is it a great idea? what's the worst that could happen? tweet us @squawkstreet. [ female announcer ] thanks for financing my first car. thanks for giving me your smile. thanks for inspiring me. thanks for showing me my potential. for teaching me not to take life so seriously. thanks for loving me and being my best friend. don't forget to thank those who helped you take charge of your future and got you where you are today. the boss of your life. the chief life officer. ♪ ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the
CNBC
Dec 4, 2013 6:00am EST
move steady south. that will of course argue for tapering next year and ending qe next year and also growth going into 2014 and particularly 2015. >> mark, one recurring theme we've had in discussions over the past several months is looking for effect of obama care. you did get strong growth in that 20 to 49 employee business size. but it's less than you had with smaller businesses and with larger businesses. are you seeing any pick up, statistical evidence of impact of obama care in numbers? >> no. none. i can't see it. in terms of the job creation or for companies that are around that key 50 employee threshold, i don't see anything. of course the employee mandate was delayed. maybe companies aren't going to react. they'll wait until next year this will they start to react. i don't see it in part time employment, hourly earnings. it's very difficult to see. now, it could also be the case going back to counter fact we don't know what the world would look like if obama care wasn't implemented. that's a tough argument to make. i just don't see it in the data. >> thanks for joining us t
CNBC
Dec 6, 2013 6:00am EST
's the next thing i want to ask you. i'd like you to come up with a policy you can recommend to president obama on the air right now that would be better than the minimum wage. because recall, 40% of unemployed people today are long-term unemployed, disproportionately in the bottom 20% and those people will be hurt by minimum wage increases. but you and i agree that minimum wage people could make more money to support their families better. what's a better policy starting right now that president obama should be talking about instead of what he's doing, which is hurting poor people such they can make more money no matter how much it costs. >> look, just to be clear. i like the question, but i don't agree with the premise. i do think a moderate increase would help. to answer the part of your question that i agree with, here's what i think he should do. the earned income tax is a very important pro work subsidy. this is a good way to help low-wage people. but for childless adults, adults who don't have kids, it's rea y really -- i would increase the childless adult part of the earned incom
Search Results 0 to 15 of about 16